XRP is also commonly known as fast, cheap, and with a good application in international payments. Unlike Bitcoin or the traditional coins based on the proof-of-work, XRP cannot be mined. XRP was fully issued at the beginning, and the network runs on a consensus mechanism rather than traditional mining. Users rent computing power from Fleet Mining to generate mining returns.
Nevertheless, XRP owners are now able to share in the mining associated income indirectly. Numerous services enable users to store XRP and transform it into computing power to earn cloud-mining profits without purchasing equipment and operating sophisticated tools. An example of such a platform that provides this technique is Fleet Mining.
The relationship of XRP and Cloud Mining
XRP is not only cheap but also the fastest to transfer making it widely used as a funding currency on cloud-mining sites. With the user deposit of the XRP, the platform can immediately use it to convert into mining power and it will then automatically mine Bitcoins on behalf of the user.
This offers a simple method of XRP owners to enjoy mining revenue:
- No hardware
- No electricity expenses
- No technical setup
- Daily automated returns
XRP is a successful way of entering the earnings of mining.
Fleet Mining: An Intermediate Mining Method to Ripple users
Fleet Mining is a cloud-based mining service provider that allows users to rent professional computing power and receive mining rewards. One of the platforms is XRP deposits, and it is easy to use among customers who want to make quick and inexpensive payments.
Core features include:
- Mining conducted by professional companies.
- Selective reward program of daily distribution.
- Simple creation of an account.
- Flexible contract levels
- Between $15-$100 as new-user welcome reward.
By having XRP deposits accepted, it can be possible to activate mining power almost immediately.
Registration and Starting to Use XRP to Mine in the Cloud
To begin with Fleet Mining, the following few steps will suffice:
- Create an Account
Sign up with your email. Go to Fleet Mining’s registration page.
- Get Your Registration Prize.
One time bonus is deposited to your account and this can be used in beginner mining plans.
- Deposit XRP
Move XRP to platform wallet. The deposit is automatically converted into mining power by the system.
- Select a Mining Contract
Select a contract that fits your ambitions, starting with an entry level to an advanced package.
- Start Earning
After activating a contract, earnings are calculated daily and can be withdrawn or reinvested at any time.
XRP User Contracts
There are various forms of structure of contracts that Fleet Mining provides to various kinds of users:
- $100 contract, 2-day term → Daily profit $3 → Total $106
- $1,200 contract, 10-day term → Daily profit $16.20 → Total $1,362
- $6,000 contract, 20-day term → Daily profit $96 → Total $7,920
- $30,000 contract, 45-day term → Daily profit $540 → Total $54,300
Every contract is automatic and the returns can be withdrawn or reinvested.
The reasons why XRP Holders utilize cloud mining
There are a number of advantages to using XRP to access cloud mining:
- Fast deposits and low fees
- No mining equipment needed.
- Active activation following purchase of contracts.
- Appropriate to new and experienced crypto users.
- Offers earning possibilities even though XRP is not mineable.
This provides an easy way out of XRP investors to diversify their sources of income.
Conclusion
Though the XRP is not mined directly, it is significant to the current cloud-mining environment. By integrating such systems as Fleet Mining, the XRP owners will be able to transform their holdings into automated mining power and enjoy the opportunities of daily rewards without necessarily engaging in the daily operations of hardware management.
Cloud mining provides a convenient and simple onboarding process, flexible contracts and a smooth experience with XRP which makes it an easy and efficient method to allow XRP users to share in the earnings of mining.
Website: https://fleetmining.com/
Email: info@fleetmining.com
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk, including total loss of capital. Readers should conduct independent research and consult licensed advisors before making any financial decisions.
This publication is strictly informational and does not promote or solicit investment in any digital asset
All market analysis and token data are for informational purposes only and do not constitute financial advice. Readers should conduct independent research and consult licensed advisors before investing.
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